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Jun 27, 2013 at 11:03 AM

PROVIDENCE, R.I. -- The three colleges considering moving programs into a redeveloped former power station in Providence envision living space for nearly 300 students as part of a multi-pronged project.

PROVIDENCE, R.I. -- The three colleges considering moving programs into a redeveloped former power station in Providence envision living space for nearly 300 students as part of a multi-pronged project.

Apartment-style living space for approximately 296 graduate, medical, and upper-level nursing students from Brown University, the University of Rhode Island and Rhode Island College would be built on top of a new parking garage envisioned for Davol Square, the redeveloped factory buildings next to the former South Street Power Station, according to a Brown news release.

Redevelopment of the power station by the private Commonwealth Ventures -- now called Dynamo House -- and the parking/residential building is estimated at $206 million and would involve historic preservation tax credits, according to joint Senate and House resolutions.

Related: R.I. Senate pushes deal for Dynamo House in Providence to house colleges

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